Mike Cagney believes SpaceX is a phenomenal company that will continue to grow for decades.

The number of U.S. public companies has decreased by half over the last 25 years.

Power Law strategically timed its public listing to occur before the SpaceX initial public offering.

Power Law plans to launch subsequent funds focused on specific technology sectors such as AI, defense, and space.

Power Law's due diligence process for SPV investments requires that the SPVs are audited and that the investment is traced through to the company's capitalization table.

Mike Cagney predicts that closed-end funds providing access to private markets will eventually be integrated into retirement accounts and 401(k) plans.

Mike Cagney predicts a structural shift in venture capital will lead to an increase in closed-end fund structures to provide liquidity for private investments.

The Power Law closed-end fund holds investments in companies including OpenAI, Kelshi, Databricks, and Kraken.

Approximately 50% of the deals in the Power Law Fund are structured through Special Purpose Vehicles (SPVs).

Mike Cagney believes the market underestimates the value of SpaceX's Starlink division for global communications.

Approximately 90% of U.S. households are prevented from investing in private companies because they do not meet the criteria for accredited investors.

Power Law intends to liquidate its positions in portfolio companies after they go public and their lockup periods expire, in order to reinvest the capital into new private companies.

Mike Cagney predicts SpaceX's stock will continue to increase in value and advises that it is a stock to hold for 10 years.

Mike Cagney identifies a primary challenge for SpaceX as a public company will be integrating its various businesses, including XAI and X, while maintaining focus.

Power Law's strategy is to provide investment products that give the $25 trillion in U.S. retirement accounts access to private company investments.

Power Law is the first venture-backed firm to list a closed-end fund.

Power Law's portfolio includes investments in lesser-known companies such as Seronic and Colossal Bioscience.

The premium to net asset value for closed-end funds like Power Law is caused by a supply-demand imbalance, with massive demand for a limited supply of shares in top private companies.

Power Law retains the option to hold public equities post-IPO if it is determined to be the best long-term value decision for its shareholders.

Power Law has executed almost 900 secondary market transactions.